Capitol Hill Updates

Sen. Rick Scott: Joe Biden’s Inflation Crisis is Crushing American Families

WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS), which showed inflation continued to rise in October increasing 8.6% over the year. This comes one day after the Federal Reserve Bank of New York released a new survey showing Americans’ worries about rising inflation continued to rise for the 12th consecutive month, reaching a new record high. Senator Scott is demanding President Joe Biden address the impact of his reckless spending and unconstitutional mandates which are fueling his inflation crisis and massive supply chain disruptions across America.

 

Senator Rick Scott said, “I hear it from Florida families every week – they are sick and tired of Joe Biden’s failed policies that are making it harder and harder to put food on the table, gas in the tank and keep a roof over their head. Enough is enough. Joe Biden is a failed president and unfortunately American families are not only seeing his dysfunction, they’re feeling it every day as prices continue to rise. Every month when I see Biden’s new inflation numbers come out, and they’re always worse than the month before, I think about my mom. Growing up, I watched my mom struggle every day just to put food on the table and make ends meet for our family. Now, countless families across America are dealing with that same struggle today all because of Joe Biden’s reckless, socialist policies, like his unconstitutional vaccine mandates, and absent leadership. Nothing Biden and the Democrats are doing helps Florida families and I won’t stop fighting against their disastrous agenda that’s fueling inflation and making life harder for working Americans.”

 

Price increases over the year include:

  • Home heating oil: +115%
  • Gasoline: +90%
  • Iron and steel: +63%
  • Beef: +42%
  • Turkeys: +41%
  • Grains: +40%
  • Cooking oil: + 39%
  • Chicken: +37%
  • Residential natural gas: +29%
  • Furniture: +11%

 

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation: